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  •  Imalivest Sanlam Collective Investments Balanced Fund (A)

-0.31  /  -0.12%

264.56

NAV on 2021/09/23
NAV on 2021/09/22 264.87
52 week high on 2021/08/24 272.37
52 week low on 2021/09/10 259.62
Total Expense Ratio on 2021/06/30 1.25
Total Expense Ratio (performance fee) on 2021/06/30 0
NAV
Incl Dividends
1 month change -2.59% -2.59%
3 month change 0% 0%
6 month change 0% 0%
1 year change 0% 0%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
Basic Materials 2.99 10.65%
Consumer Discretionary 2.43 8.65%
Financials 4.03 14.36%
Fixed Interest 3.69 13.17%
Industrials 0.63 2.24%
Liquid Assets 0.58 2.06%
Real Estate 0.33 1.19%
SA Bonds 2.34 8.34%
Spec Equity 5.66 20.18%
Technology 1.60 5.70%
Telecommunications 0.22 0.78%
Offshore 3.56 12.69%
  • Top five holdings
U-IMAWWFL 5.66 20.18%
U-SIMENYD 2.40 8.54%
 NASPERS-N 1.60 5.7%
 OMUTUAL 1.51 5.4%
U-SNMM 1.30 4.62%
  • Performance against peers
  • Fund data  
Management company:
Sanlam Collective Investments
Formation date:
2021/08/02
ISIN code:
ZAE000078994
Short name:
U-IMFLEX
Risk:
Unknown
Sector:
Worldwide--Equity--General
Benchmark:
CPI plus 6%
Email
No email address listed.

Website
No website listed.

Telephone
021-947-9111

  • Fund management  
Anton Botha
Anton Botha is a co-founder and co-owner of Imalivest. He spent most of his career as Chief Executive of Genbel and Gensec, building it into a leading South African investment banking group. Before it became a wholly owned subsidiary of Sanlam Ltd in December 2000, Gensec was recognized as one of South Africa’s 40 largest listed companies. Currently Anton serves as a non-executive director on the boards of African Rainbow Minerals Ltd, JSE Ltd, Vukile Property Fund Ltd (Chairman), University of Pretoria, Sanlam Ltd and Sanlam subsidiaries. He is also a past-President of the AHI (Afrikaanse Handelsinstituut) and is actively involved in organised business. Anton holds commerce degrees from the University of Pretoria and Rand Afrikaans University (RAU), a law degree from the University of South Africa and attended an executive management course at Stanford University in the USA.
Johan van Reenen
Johan van Reenen is a co-founder and co-owner of Imalivest. He spent the latter part of his investment career as executive director of Gensec Ltd and managing director of Gensec Asset Management and has a wealth of experience in corporate finance, investment banking and asset management both locally and internationally. Johan currently serves as a non-executive director on the board of MMI Holdings Ltd, Momentum Africa Investment (Pty) Ltd and serves on the Risk, Remuneration and Investment sub committees of the MMI Holdings Board. He is also a director of various privately held companies. In addition, he is a Trustee of the World Wild Life Foundation and a past chairman of the University of the Free State Foundation. Johan holds a BSc (Hons.)(Geochemistry) degree from the University of the Free State and a MBA degree from the University of Stellenbosch.


  • Fund manager's comment

Imalivest SCI Balanced Fund - Dec 19

2020/02/26 00:00:00
Over the long term, equity investments deliver superior returns to investors. For this reason, the portfolio will almost always be invested in equities to the maximum allowable extent (75%), unless we consider equity valuations to be expensive or we need to contain risk. When evaluating equities, we tend to follow a value investment approach with a preference for high quality companies with the potential to generate stable, consistent returns. The importance of identifying and investing in these companies is to harness the compounding effect on shareholder return.
As we believe that international diversification is important, a substantial portion of our assets will always be invested in offshore equity via investments in our own Worldwide Flexible Fund and other direct offshore holdings. Locally listed stocks with rand hedge qualities are also important when considering international diversification.
The remaining 25% of the portfolio not allowed in equity we prefer to have invested in listed property rather than bonds or cash, as listed property has (like equity) outperformed bonds and cash over the long term. However, we are of the opinion that the negative sentiment that we are seeing in the international property markets (due to amongst other negative rental growth) is yet to reach South Africa and we are unsure how this will play out over the long term. Therefore, we have decided to follow a more diversified approach and the fund is currently invested in a combination of listed property (11.1%), inflationlinked bonds (3.7%) and a fixed income fund (3.9%) with the remainder being kept in cash.
  • Fund focus and objective  
The portfolio will invest predominantly in equities from equity markets across all market sectors, both locally and abroad. The minimum equity exposure will be aligned with that of the ASISA Worldwide Equity Sector. If deemed necessary, listed and unlisted financial instruments (derivatives) may be used to reduce risk.
The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective.
The Manager shall be permitted to invest on behalf of the portfolio in offshore investments as legislation permits.
For the purpose of this portfolio, the Manager shall reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager.
The Trustee shall ensure that the investment policy set out in the preceding clauses are adhered to; provided that nothing contained in this clause shall preclude the Manager from varying the proportions of securities in terms of changing economic factors or market conditions or from retaining cash in the portfolio and/or placing cash on deposit.
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